Student Loan Payments Set to Resume as Part of Debt Ceiling Deal
WASHINGTON – After more than three years, students who have accumulated student loan debt are going to have to begin repaying it in late August.
Terms of the debt ceiling deal negotiated by President Joe Biden...
Job Openings Drop Over Last Year, Remain Historically High
Labor market data dominated the past week’s economic calendar. Nonfarm payrolls rose 339,000 in May, nearly double the consensus forecast of 195,000. The prior two months’ payrolls were revised up by 93,000.
However, the...
Apple Unveils Vision Pro Mixed-Reality Headset
CUPERTINO, Calif. — Apple on Monday unveiled its first new major product in eight years when CEO Tim Cook introduced the company’s first mixed-reality headset, the Vision Pro, during the company's annual keynote at the...
Companies Approach Environmental, Social, Governance Policies as Useful Tool
Business leaders believe that having a strong stance on Environmental, Social, Governance policies can help make them role models.
Cybercriminals Use Sophisticated Thievery To Steal Personal, Business Funds
With so much reliance on the Internet, social media and electronic data storage, cybercriminals are finding ways to break in and steal data and money.
Moderating Wage Growth Makes the Fed Likely to Hold Rates Steady in June
With the May jobs report showing job growth, and wage growth slowing, experts think the Federal Reserve is likely to hold interest rates steady this month.
Michigan Restaurant Industry Still Facing Challenges Post-COVID
The restaurant industry in Michigan is still recovering from the pandemic, with staffing challenges still in front of them.
GM Unveils $1 Billion Investment in Flint Plants
General Motors will invest more than $1 billion in the Flint Assembly and Flint Metal Center facilities to get them ready for production of heavy-duty trucks.
Michigan Appoints Nation’s First Growth Officer
Michigan Gov. Gretchen Whitmer has appointed Hilary Doe as the state's growth officer, focused on growing Michigan's population and boosting economic growth.
Michigan Software Labs Aims to Enhance Client Experience, Success With New Practice Group
GRAND RAPIDS, Mich. — At a time when the global software market is expected to expand from $429 billion in 2021 at a pace of 11.7% from 2022 to 2030 Grand Rapids-based Michigan Software...
Blackford Capital Acquires Industrial Automation Leader PACIV
Grand Rapids, Mich. — Blackford Capital, a leading lower middle market private equity firm, announced the acquisition of PACIV, which specializes in industrial automation solutions.
PACIV is a leading full-service provider of industrial process automation...
GM, POSCO to Expand EV Battery Supply Chain in North America
DETROIT – General Motors Co. and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed $1 billion (U.S.) to increase production capacity of CAM in North...
U.S. Economy Adds Better-Than-Expected 339,000 Jobs in May
According to a survey by Bloomberg, economists expected the U.S. economy to add about 195,000 jobs in May.
They were wrong.
Figures released by the Labor Department Friday show the U.S. economy added 339,000 jobs last...
Weekly Unemployment Claims See Modest Jump
The number of Americans filing new claims for unemployment benefits was up slightly last week, though they remain at historic lows despite lagging inflation and concerns over a potential recession.
Initial claims for unemployment benefits...
Fed Policymakers Split on Need for Continued Rate Hikes
In the minutes of the May Federal Open Market Committee (FOMC) meeting, Fed policymakers were split about the need for more rate hikes this year. “Several” participants believed no further tightening would be needed...
Toyota Raises Investments in N.C., Kentucky Plants
Construction is underway on an electric and hybrid vehicle battery factory Toyota is buiding near Greensboro, N.C.
Now Toyota has announced it will put more than $2 billion more into the facility, which is expected...
GM Defense, Black Sage Technologies Sign Teaming Agreement
WASHINGTON, D.C. — GM Defense and Black Sage Technologies announced a teaming agreement to explore the development of a Counter Unmanned Aerial System (C-UAS) solution for use on GM Defense military vehicles provided to global...
West Michigan Business Leaders Offer Best Practices to Face ‘New Reality’
Some of West Michigan's most prominent business leaders talked about best practices during the recent Best and Brightest Celebration.
State Unveils ‘Make it in Michigan’ Strategy
Gov. Gretchen Whitmer unveiled the state's "Make It in Michigan" plan, a strategy to keep economic progress in the state moving.
Succession Plan Helps Create Business Continuity
Experts say creating a strong succession plan can be in the best interest of everyone involved in the family business.
